Press release
Global E-Coat Market Expected to Witness a Sustainable Growth over 2023
New report published by Market Research Report Store (MRRS) which offers insights on the global E-Coat market.Electrophoretic Painting Process (E-Coat) is a process where a metal part is immersed in a water-based solution containing a paint emulsion. An electric voltage is applied to the part causing the paint emulsion to condense onto the part. A part can be painted both inside and out, wherever the liquid is able to reach a metal surface. The coating thickness is limited by the applied voltage. As areas of high voltage build a coating they become insulators thus allowing lower voltage areas to build up. Finally, the interior of a part can be coated since the exterior is fully insulated by the coating.
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Global E-Coat Market: Forecast by Type / Application / Region
Automotive (including manufacturing and auto parts) is the most popular and the fastest-growing segment in the E-coat industry, which accounting for over 61% of the demand market in 2016. The application of metallic paints has increased in passenger cars, as they provide sparkling and glossy effect, due to which there is high demand among customers. The automotive manufacturers have introduced the trend of color customization in vehicles, especially in passenger cars, which is expected to drive the market.
In 2016, the cathodic epoxy E-coat is estimated to account for the largest market share (about 53% of USA), in terms of value. Cathodic epoxy e-coat is the conventional type of e-coat used to provide corrosion resistance to the automotive and appliances bodies. It is widely used in the automotive industry, as it provides superior salt spray, resistance to humidity, and cyclic corrosion resistance.
The key players in this market are Axalta Coating Systems, PPG Industries, BASF, Nippon Paint and Valspar Corporation.
Over the next five years, LPI(LP Information) projects that E-Coat will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
Global E-Coat Market: Key Players
Axalta Coating Systems
PPG Industries, Inc.
BASF SE
Nippon Paint Holdings
The Valspar Corporation
Tatung Fine Chemicals
KCC Corporation
Luvata Oy
Hawking Electrotechnology Ltd
NOROO Paint & Coatings Co., Ltd.
Koch Membrane System, Inc
ClearClad
Therma-Tron-X
The Decc Company
B.L. Downey Company LLC
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Related Information:
United States E-Coat Market Research Report 2018
Europe E-Coat Market Research Report 2018
North America E-Coat Market Research Report 2018
Asia-Pacific E-Coat Market Research Report 2018
China E-Coat Market Research Report 2018
EMEA E-Coat Market Research Report 2018
Global E-Coat Market Research Report 2018
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